Cryptocurrency News March 13

My name’s Ed Zitron and I used to be a spy until- “Bitcoin has crashed to $0, you’re blacklisted” *Sam Axe whistles*. Volume down So yesterday I wrote almost an entire 450 words about this piece, then my browser crashed and I basically had to throw up my hands and say “no newsletter today” because everything sucks. But it’s an important piece in which a guy called Sylvain Ribes accidentally happened upon major exchanges potentially faking their volume. Ribes’ tests were based off of what would happen if you sold a particular amount of currency on OKex compared to other exchanges. In a normal exchange, market-selling 100 Bitcoin at $10,000 would have some of what he calls slippage (incorrectly) – each BTC would sell around but not perfectly on the $10k mark – $10k, $9998, $10001, etc. This is because the amount of actual trading volume that’s justifying the market price exists to absorb the trade. Conversely, OKex in particular showed a massive amount of slippage on a market sell – 1-4% depending on your pair or amount of money. Slippage in this case suggests (while not a perfect analysis) that there isn’t the volume of actual currency exchanging going on to support selling – which means they’re faking it somehow, according to Ribes. This can be done, according to Bitfinexed, by anything ranging from having an API that says volume is there that isn’t, to having bots buy/sell currency between them, to even more insidious things. Ribes also suggested that Huobi… [Read full story]

0 Comments Spielberg: Time’s Up is more important than any of us can ever realise BelfastTelegraph.co.uk Director Steven Spielberg has hailed the “watershed moment” for attitudes in the entertainment industry spurred on by the Time’s Up movement. https://www.belfasttelegraph.co.uk/entertainment/film-tv/news/spielberg-times-up-is-more-important-than-any-of-us-can-ever-realise-36719245.html https://www.belfasttelegraph.co.uk/entertainment/film-tv/news/article36719242.ece/7be83/AUTOCROP/h342/bpanews_acc27660-9581-483a-8afb-223c8185903d_1 Email Director Steven Spielberg has hailed the “watershed moment” for attitudes in the entertainment industry spurred on by the Time’s Up movement. The Indiana Jones director praised the campaign to fight sexual harassment for bringing about an “extraordinary” change. The 71-year-old spoke as he accepted the Legend Of Our Lifetime gong at the Rakuten Empire Awards in London. Our last award…... [Read more]

My name is Ed Zitron and I’m the most insufferable cryptocurrency columnist alive. To the outside world, I’m a bizarre shut-in that doesn’t stop talking about miserable coins that are mined from the internet. But secretly with the help of my friends at The Next Web I report in a narrow and sporadic manner about cryptocurrency news. One day I’ll find out what currency will make me rich so that I can finally build a big enough anvil to drop on me and leave this terrible world. I am…the Hash. Coinbutt So your friend and mine Coinbase has been slapped…... [Read more]

[Looks surprised] cryptocurrencies, Bitcoin, Ethereum, things of that nature. The end So someone at FastCompany has predicted the end of Bitcoin. This is actually a fairly interesting piece in that it evaluates where we last were when we had decentralized currencies (which was done to enrich the wealthy) – I wanted to dunk on this, but it’s well-written and I like it! What a world. What is the incentive for people to spend millions of dollars on computers and power once there’s no more kickback of coin? I have asked this question of the world’s leading blockchain investors, miners, and scholars,…... [Read more]

You KNOW I am sensitive to those losing money in the cryptocurrency crash. But! Did you see that everything’s gone down the toilet again? BTC below $10k, ETH below $749.42, my Ford Taurus below a river bed because I had an “interesting night” on the town and “wasn’t looking at the road” because I was “watching Kitchen Nightmares on my iPad, fully covering my windshield.” There was no newsletter yesterday because I lost the private keys I installed on my front door, so I had to destroy the whole thing and get a new one. I also had to sleep…... [Read more]

Yo girl what that coin do. Bitcoin in the toilet Not a good look for Bitcoin today, now below $9000, leaving the Winklevosses drowning in nothingness. Apparently it’s partly because the guy who got all the seized funds from Mt. Gox sold $400 million of it, which just seems rude. But it also might be because the SEC wants to get exchanges to register with them to do business, which, again, seems rude because now they’re trying to apply laws to the magic digital money that you and I know and love. Also, everything is suffering. Ethereum’s below $700, which…... [Read more]